All the headlines from our Property Topic Page, ordered by recency.
Jan 28 2016 // It was a relatively quiet year for natural disasters – except for those living in the Western U.S.Property data provider CoreLogic today released its annual Natural Hazard Risk Summary and Analysis. The report shows...
Jan 26 2016 // American International Group (AIG) CEO Peter Hancock, who announced the sale of the company’s AIG Advisor Group and a partial (19 percent) spin-off of mortgage insurer United Guaranty Corp., said AIG is open to...
Jan 25 2016 // The New Jersey Insurance Underwriting Association (NJIUA), the state’s residual property insurance plan, has received approval from the Department of Banking and Insurance (DOBI) to implement an overall rate increase...
Jan 22 2016 // The overall number of property crimes declined in the U.S. while the number of violent crimes rose for the first six months of 2015 compared to 2014.The FBI report — Preliminary Semiannual Uniform Crime Report— is...
Jan 22 2016 // Hiscox has enhanced its stand-alone terrorism portfolio by adding new products covering property damage from malicious attacks utilizing nuclear, chemical, biological and radiological (NCBR) devices. Hiscox NCBR policies...
Jan 21 2016 // Are loss-of-use damages, such as lost profits, allowed in Texas when an insured has recovered fair market value on a commercial vehicle that is deemed a total loss after an accident? The Texas Supreme Court thinks so,...
Jan 21 2016 // Florida’s Citizens Property Insurance Corporation announced Jan. 20 that it has reduced its policy count to under 500,000.The company said in a statement that its policy count on Jan. 19 was 484,788, the lowest level...
Jan 19 2016 // American International Group, Inc. (AIG) has significantly raised available global commercial property limits to $2.5 billion per occurrence. According to the company, the move responds to the growing demand for capacity...
Jan 19 2016 // Almost all of the Orleans Parish homeowners who buy coverage from the state insurer of last resort could see their rates drop 6.3 percent if the Louisiana Insurance Department approves proposed rate reductions.The Advocate...
Jan 19 2016 // A lawsuit filed against a man who shot down a drone over his Hillview, Ky., home last summer seeks to resolve what expectations homeowners have to privacy as their property is seen from the air.The Courier-Journal reports...
Jan 15 2016 // Validus Holdings, Ltd., has appointed Rob Halsey as vice president, Atlanta Property manager. In this new position, Halsey will be responsible for building and maintaining the Validus Underwriters Excess & Surplus...
Jan 11 2016 // Welcome to Insurance Journal‘s 2016 Insurance Industry Meetings and Conventions Directory. The information in this directory is taken from a larger database containing additional information on these and other...
Jan 7 2016 // Don Pickens is the new chief underwriting officer for Zurich’s Global Corporate in North America (GCiNA).The position was previously held by Patrick Daley, who will assume a new role as head of Property for the East...
Jan 6 2016 // Canopius Group AG, a Zurich-based global specialty lines platform of Sompo Japan Nipponkoa Insurance, has hired Ivan Breen as senior vice president of its U.S. Direct Property team.Breen is based in New York and will...
Jan 6 2016 // Reinsurance capital levels stabilized during the Jan. 1, 2016 renewals – showing no growth for the first time in several years – and prices continued to soften, according to Guy Carpenter & Co.’s global...
Jan 4 2016 // Some, but not all, experts see an improving U.S. economy in 2016 helping to boost the property/casualty (P/C) insurance sector. Some of these prognosticators are more optimistic than others. But most also anticipate...
Jan 4 2016 // Amid the most destructive wildfire season in more than a decade, California’s firefighting agency amped up its warnings to thousands of property owners who weren’t doing enough to protect their homes by...
Dec 30 2015 // Tokio Marine Kiln (TMK), the provider of specialist and corporate insurance, has appointed Paul Dreblow as head of Corporate and Commercial Property in its London office.The newly created position will see Dreblow...
Dec 30 2015 // CNA Hardy, a specialist commercial insurance provider for clients within the Lloyd’s and company markets, has appointed Jason Rollins as direct & facultative property senior underwriter. Previously, Rollins was...
Dec 30 2015 // After a banner 2015 for the U.S. property/casualty insurance sector, pricing pressures will lead to stagnation or rate declines in 2016, Kroll Bond Rating Agency Inc. predicted.Pricing will either be flat or down over the...